The Securitisation Regulations 2024
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4 Activities specified as designated activities for purposes of FSMA 2000
(1) The following activities are specified under section 71K of FSMA 2000 as designated activities for the purposes of that Act, where those activities are carried out by a person that is established in the United Kingdom— (a) acting as one of the following in a securitisation— (i) an originator, (ii) a sponsor, (iii) an original lender, or (iv) a securitisation special purpose entity; (b) selling a securitisation position to a retail client located in the United Kingdom. (2) In this regulation “retail client” has the meaning given in rules made by the FCA.
4 Activities specified as designated activities for purposes of FSMA 2000
(1) The following activities are specified under section 71K of FSMA 2000 as designated activities for the purposes of that Act, where those activities are carried out by a person that is established in the United Kingdom— (a) acting as one of the following in a securitisation— (i) an originator, (ii) a sponsor, (iii) an original lender, or (iv) a securitisation special purpose entity; (b) selling a securitisation position to a retail client located in the United Kingdom. (2) In this regulation “retail client” has the meaning given in rules made by the FCA.
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